Expertise and Discounted Cash - Flow: Fin de la rÈvolution ?

Etienne Dupuy

ERES from European Real Estate Society (ERES)

Abstract: Real Estate valuation in France has known dramatic improvements since sophisticated Anglo-Saxon investors came to buy large portfolios of assets using the discounted cash-flow technique. We argue that the DCF approach is probably a first step into the financial revolution of Real Estate, and should be developed through the real options approach.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2000-06-01
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